Columbia International Corp. v. Perry

Appellant, Columbia International Corporation, a judgment creditor of Oscar Perry, appeals from an order dismissing proceedings supplemental to execution in which it sought to set aside a sale of corporate stock.

Although appellant’s judgment is dated April 3, 1958, the trial was concluded and the cause decided in mid-March of 1958. In late March, the equipment of Perry Machine Shop, a corporation of which Oscar Perry was the controlling stockholder, was appraised at $100,000. On April 1, 1958, Oscar Perry sold all of his stock in the company, a three-fifth interest, to J. W. Trosper and the…